Marginal benefit refers to the additional benefit that your activity provides to you.
Indicate whether the statement is true or false
Question 2
Refer to Table 3-3. The table above shows the demand schedules for Kona coffee of two individuals (Luke and Ravi) and the rest of the market. If the price of Kona coffee rises from 4 to 5, the market quantity demanded would
A) decrease by 115 lbs. B) increase by 35 lbs.
C) decrease by 35 lbs. D) increase by 115 lbs.